FL CAM LICENSE TEST BANK FULL
SOLUTION VERIFIED QUESTIONS AND
ANSWERS GUARANTEED TO PASS
●● General Corporate Law
Answer: Community associations have the right to buy, sell or lease real
property.
●● Licensed Services
Answer: A person who provides services for compensation must be
licensed by DBPR.
●● CAM License Renewal Deadline
Answer: Renewal applications shall be postmarked on or before
September 30 each even year.
●● Restrictive Covenants
Answer: Permanent restrictions that remain in effect until the
community is terminated.
●● Cooperative Documents
,Answer: Must include the Articles of Incorporation, By-Laws, a
definition of the grounds lease, and the owner's share and membership in
the co-op.
●● Articles of Incorporation
Answer: Documents that create the association.
●● Corporate Charter
Answer: Defines the membership and the voting rights of the
Association.
●● By-Laws
Answer: Establish the procedures for carrying out the day-to-day
responsibilities of the association.
●● Order of Priority of Governing Documents
Answer: Declaration, Articles of Incorporation, By-laws, Board Rules &
regulations.
●● Amending Documents
Answer: If no proviso for amendment, then 100%; if proviso made but
percentage not stated, then 66 2/3%; if proviso made and percentage
stated, then that percent.
,●● Chapter 720 HOA Amendments
Answer: Amendments must be approved by two-thirds of the voting
interests in the association.
●● Association Property
Answer: Property owned by the association for the use and benefit of its
owners.
●● Common Elements
Answer: Property shared by all of the owners and members of the
community.
●● Exclusive Use Property
Answer: The part of a condominium that is subject to exclusive use.
●● Common elements
Answer: The parts of a condominium that are owned by all of the
owners.
●● A unit
Answer: That part of the property reserved for the exclusive use of an
owner. It may be land, improvements, or land and improvements.
, ●● Enlargement of common elements
Answer: Common elements may be enlarged by an amendment to the
Declaration of Condominium.
●● Allocation of shares of common elements
Answer: Condominiums created after April 1, 1992 may allocate shares
of common elements by square footage or equal basis.
●● Material alteration
Answer: A significant change to the common elements that requires
approval by 75% of the total voting interests of the association.
●● Developer's amendment rights
Answer: Prior to transition of control of an HOA, the developer's right to
amend the association's documents is subject to a test of reasonableness.
●● Certificates of occupancy
Answer: The developer must supply the association with copies of the
certificates of occupancy at transition.
●● Right of access
Answer: The association has the irrevocable right of access to each unit
during reasonable hours for maintenance, repair, or replacement of
common elements.
SOLUTION VERIFIED QUESTIONS AND
ANSWERS GUARANTEED TO PASS
●● General Corporate Law
Answer: Community associations have the right to buy, sell or lease real
property.
●● Licensed Services
Answer: A person who provides services for compensation must be
licensed by DBPR.
●● CAM License Renewal Deadline
Answer: Renewal applications shall be postmarked on or before
September 30 each even year.
●● Restrictive Covenants
Answer: Permanent restrictions that remain in effect until the
community is terminated.
●● Cooperative Documents
,Answer: Must include the Articles of Incorporation, By-Laws, a
definition of the grounds lease, and the owner's share and membership in
the co-op.
●● Articles of Incorporation
Answer: Documents that create the association.
●● Corporate Charter
Answer: Defines the membership and the voting rights of the
Association.
●● By-Laws
Answer: Establish the procedures for carrying out the day-to-day
responsibilities of the association.
●● Order of Priority of Governing Documents
Answer: Declaration, Articles of Incorporation, By-laws, Board Rules &
regulations.
●● Amending Documents
Answer: If no proviso for amendment, then 100%; if proviso made but
percentage not stated, then 66 2/3%; if proviso made and percentage
stated, then that percent.
,●● Chapter 720 HOA Amendments
Answer: Amendments must be approved by two-thirds of the voting
interests in the association.
●● Association Property
Answer: Property owned by the association for the use and benefit of its
owners.
●● Common Elements
Answer: Property shared by all of the owners and members of the
community.
●● Exclusive Use Property
Answer: The part of a condominium that is subject to exclusive use.
●● Common elements
Answer: The parts of a condominium that are owned by all of the
owners.
●● A unit
Answer: That part of the property reserved for the exclusive use of an
owner. It may be land, improvements, or land and improvements.
, ●● Enlargement of common elements
Answer: Common elements may be enlarged by an amendment to the
Declaration of Condominium.
●● Allocation of shares of common elements
Answer: Condominiums created after April 1, 1992 may allocate shares
of common elements by square footage or equal basis.
●● Material alteration
Answer: A significant change to the common elements that requires
approval by 75% of the total voting interests of the association.
●● Developer's amendment rights
Answer: Prior to transition of control of an HOA, the developer's right to
amend the association's documents is subject to a test of reasonableness.
●● Certificates of occupancy
Answer: The developer must supply the association with copies of the
certificates of occupancy at transition.
●● Right of access
Answer: The association has the irrevocable right of access to each unit
during reasonable hours for maintenance, repair, or replacement of
common elements.
